Function X Foundation
Author: samcunmy BTT link: https://bitcointalk.org/index.php?action=profile;u=1316188
Hello goodnight creators of crypto currencies, meet me again. I will here explain an understanding of the currency.
As for what I present is the Function X Foundation.
What is Function X Foundation
Function X Foundation is an independent non-profit organization that supports the growth of Function X Ecosystem, a next generation internet service framework, built entirely on and for the blockchain. This is a completely new ecosystem that provides a new service framework by improving the internet and the existing blockchain architecture, combining the benefits of both and using the most commonly used technical solutions.
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Function X is the next generation internet service framework. We have created a completely new service framework ecosystem by improving the internet and existing blockchain architecture, combining the benefits of both worlds and using the most commonly used technical solutions. We have used a systematic approach to software / hardware code marks, to allow all existing applications, websites, data and services to be fully decentralized, helping to lay a solid foundation for the future development paths of the next generation internet.
What is Function X?
f (x) is a decentralized network. This is intended as an integrated solution to serve decentralized networks. Recipe f (x) consists of a combination of: a new blockchain algorithm, a complete set of decentralized networks, decentralized communication architecture and decentralized governance protocols. We believe that decentralization must be absolute, unchanging and without the slightest centralization. This includes the concepts of design, architecture, procedures / protocols, and governance structures. Ultimately, this is the f (x) implementation of a decentralized network, where no single entity can dominate, control and influence the network in any way, shape or form.
In the current centralized network arrangement, the role of Pundi X can be seen as the architect, initiator or leader of the proposed f (x) solution. But f (x) will eventually move towards a completely decentralized path. This means that once the f (x) ecosystem is in place, there will be a gradual "fade-out" of Pundi X in terms of its current leadership role in the f (x) network. Our vision is for the f (x) network to be sustainable, grow and develop even without Pundi X. That is the beauty of a fully decentralized world supported by f (x).
Token Allocation
Token allocation
We believe great blockchain projects attempt to equitably balance the interests of different segments of the community. We hope to otivate and incentivize token holders by allocating a total of 65% of tokens from the Token Generation Event (TGE). Another 20% is allocated
to the Ecosystem Genesis Fund for developer partnerships, xchanges and other such related purposes. The remaining 15% will go to engineering, product development and marketing. There will be no public or private sales for f(x) tokens. NPXS / NPXSXEM is used to make crypto payments as easy as buying bottled water, while
f(x) is used for the operation of a decentralized ecosystem and blockchain, consisting of DApps and other services. NPXS / NPXSXEM will continue to have the same functionality
and purpose after the migration to the Function X blockchain in the future. Therefore, each token will be expected to assume different fundamental roles and grant different rights to the holders.
65% of allocation for NPXS / NPXSXEM holders is broken down into the following:
15% is used for staking (see below)
45% is used for converion to f(x) tokens. (see below)
5% is used for extra bonus tasks over 12 months (allocation T
Let's visit the link below, for more details:
Twitter : https://twitter.com/functionx_io
Facebook : https://www.facebook.com/FunctionX.io/
Medium : https://medium.com/functionx
Telegram : https://t.me/functionx
White Paper : https://functionx.io/assets/file/Function_X_Concept_Paper_v2.0.pdf
Youtube : https://www.youtube.com/channel/UCmS83bWNR43jwEOC6EJaOyw